Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V:
ELBM) (“Electra”) today announced the signing of a memorandum
of understanding with Rock Tech Lithium (TSX-V:RCK)
for the development of a partnership to supply recycled lithium
from Electra’s Ontario battery recycling operations for upgrading
to battery-grade lithium chemicals in Rock Tech’s lithium
refineries. The companies will leverage their processing expertise
to develop a comprehensive, fully sustainable closed-loop service
offering for the recycling of lithium-ion battery manufacturing
scrap, end-of-life batteries and black mass.
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Electra's lab is located in its refinery
complex. (Photo: Business Wire)
“Partnering with Rock Tech, a leading lithium development
company with assets in Europe and North America, complements our
recycling strategy by allowing us to further upgrade recycled
lithium into a battery grade product,” said Trent Mell, Electra’s
CEO. “Collaboration is crucial to create a closed loop for all
critical minerals we recover in our black mass refining operation.
Jointly with Rock Tech, we are excited to offer an end-to-end
battery recycling solution specifically for the lithium market. The
partnership is expected to generate an additional revenue stream
for Electra, improve our service offering for our clients, and
facilitate future growth.”
“At Rock Tech, we are thinking long-term,” emphasized Klaus
Schmitz, Rock Tech’s COO. “Developing localized circular lithium
value chains is key for this. Electra is an important partner to
realize this vision in Ontario and North America. Our collaboration
unlocks an important lithium sourcing option and ensures continuous
long-term supply for our plants. Our collaboration ensures that
lithium recovered from the recycling of end-of-life batteries or
battery manufacturing scrap is recovered, refined and returned to
the battery value chain as battery-grade lithium product. An
efficient, environmentally friendly and truly closed recycling
loop.”
Under the agreement, Electra will supply a portion of the
lithium recovered from its black mass refinery north of Toronto to
Rock Tech for further processing. Rock Tech will upgrade the
lithium to battery-grade lithium chemicals at its planned lithium
converters. This upgrading step is essential to achieve the quality
and purity required to qualify the final lithium product for re-use
in the manufacturing process of new batteries.
Processing of material is expected to start in an initial phase
beginning in 2026. Supply is expected to increase over time, as
Electra continues to expand its battery materials park in a modular
fashion.
The companies also intend to explore additional collaboration
opportunities including possible licensing of Electra’s technology
for application in Europe and the co-location of future battery
recycling and lithium refining plants.
Rock Tech is an emerging producer of lithium chemicals through
its planned lithium conversion facility in Germany as well as a
second proposed lithium converter to be developed in Ontario,
Canada. The company is developing a refining platform for both,
primary spodumene concentrate and recycled lithium from battery and
black mass recycling operations.
Electra is currently constructing North America’s only cobalt
sulfate refinery in Temiskaming Shores, Ontario as part of a
multipronged effort to co-locate cobalt, nickel, manganese and
black mass refining within the refining complex. Electra is
currently testing its proprietary hydrometallurgical process to
recycle black mass on a plant scale setting, recovering
nickel-cobalt MHP, lithium carbonate, graphite and other commercial
products.
In May 2023, Electra announced its intention to form a joint
venture with the Three Fires Group to source and process
lithium-ion battery waste generated by manufacturers of current and
future battery cells, electric vehicles, and energy storage
systems. Battery waste would be processed at a facility to be
located in southern Ontario to produce black mass feed material for
Electra’s refinery to recover lithium, nickel, cobalt, copper,
manganese and graphite.
About Rock Tech Lithium
Rock Tech is a cleantech company with operations in Canada and
Germany on a mission to produce lithium hydroxide for electric
vehicle batteries. The Company plans to build lithium converters at
the door-step of its customers, to guarantee supply-chain
transparency and just-in-time delivery, beginning with the
Company's proposed lithium hydroxide merchant converter and
refinery facility in Guben, Germany. To close the most pressing gap
in the clean mobility story, Rock Tech has gathered one of the
strongest teams in the industry. The Company has adopted strict
environmental, social and governance standards and is developing a
proprietary refining process aimed at further increasing efficiency
and sustainability. Rock Tech plans to source raw material from its
wholly-owned Georgia Lake spodumene project located in the Thunder
Bay Mining District of Ontario, Canada, as well as procuring it
from other responsibly producing mines. In the years to come, the
Company expects to also source raw material from discarded
batteries. Rock Tech's goal: to create a closed-loop lithium
production system. www.rocktechlithium.com
About Electra Battery Materials
Electra is a processor of low-carbon, ethically-sourced battery
materials. Currently commissioning North America’s only cobalt
sulfate refinery, Electra is executing a multipronged strategy
focused on onshoring the electric vehicle supply chain. Keys to its
strategy are integrating black mass recycling and nickel sulfate
production at Electra’s refinery located north of Toronto,
advancing Iron Creek, its cobalt-copper exploration-stage project
in the Idaho Cobalt Belt, and expanding cobalt sulfate processing
into Bécancour, Quebec. For more information visit
www.ElectraBMC.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and
forward-looking information (together, “forward-looking
statements”) within the meaning of applicable securities laws and
the United States Private Securities Litigation Reform Act of 1995.
All statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as “plans”,
“expects”, “estimates”, “intends”, “anticipates”, “believes” or
variations of such words, or statements that certain actions,
events or results “may”, “could”, “would”, “might”, “occur” or “be
achieved”. Such forward-looking statements include, without
limitation, statements regarding the potential for additional
funding from the Federal government of Canada and the government of
Ontario and the quantum and terms thereof, adjustments of interest
rates on the occurrence of certain events which may impact the
attributes of the notes and warrants issued under the Note
Offering, including but not limited to a “green bond” designation,
and the effective conversion rate of the Notes and Warrants, which
is subject to adjustment in certain circumstances, the listing of
the Common Shares underlying the notes and the warrants issued
under the Note Offering on TSXV and NASDAQ, and the expected use of
proceeds of the Offering. Forward-looking statements are based on
certain assumptions, and involve risks, uncertainties and other
factors that could cause actual results, performance, and
opportunities to differ materially from those implied by such
forward-looking statements. Among the bases for assumptions with
respect to the potential for additional government funding are
discussions and indications of support from government actors based
on certain milestones being achieved. Factors that could cause
actual results to differ materially from these forward-looking
statements are set forth in the management discussion and analysis
and other disclosures of risk factors for Electra Battery Materials
Corporation, filed on SEDAR at www.sedar.com and with on EDGAR at
www.sec.gov. Other factors that could cause actual results to
differ materially include changes with respect to government or
investor expectations or actions as compared to communicated
intentions, and general macroeconomic and other trends that can
affect levels of government or private investment. Although the
Company believes that the information and assumptions used in
preparing the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply
as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed times frames or at
all. Except where required by applicable law, the Company disclaims
any intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231128519076/en/
Joe Racanelli Vice President, Investor Relations
info@ElectraBMC.com 1.416.900.3891 Konstantin Burger Head of
Investor Relations info@rocktechlithium.com +49 89 244109149
Rock Tech Lithium (TSXV:RCK)
過去 株価チャート
から 12 2024 まで 1 2025
Rock Tech Lithium (TSXV:RCK)
過去 株価チャート
から 1 2024 まで 1 2025
